Most of the soy milk consumed in China is obtained from street vendors. White Wave Foods will be entering the market in a joint venture effort to convert that consumption to pre-packaged products.The leading soy milk producer in the U.S. today, White Wave Foods, announced last year that it had entered into a joint venture with a Chinese firm, China Mengniu Dairy Company. The joint venture also purchased Yashili Zhengzhou, which has a new production facility in China. Under the terms of the agreement, White Wave will have a 49 percent stake in the venture and Mengniu a 51 percent interest. The purchase price for Zhengzhou is expected to be approximately $85 million (RMB 510 million). That includes approximately $62 million (RMB 377 million)...
What You Need to Know Today: After a period of limited activity, USDA reported a sizeable 613 KMT in soybean export sales, including 330 KMT to China and 283 KMT to unknown destinations, potentially also China. The purchases represent a meaningful pickup in demand and bring China closer to ful...
Key Takeaways: Consumer spending is a key driver of the U.S. economy, and the latest retail sales data indicate that spending remains robust despite inflation. In September, total retail and food service sales rose more than 6 percent year-over-year, with food service spending up 7 percent and...
The Trump import plan for 300,000 MT of beef supplies used for ground beef, i.e., lean trim, from September through November has, according to Secretary Brooke Rollins, brought some relief to beef prices. The Executive Order states that the Secretary of Agriculture will analyze and review the m...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.